CHART OF THE DAY: Samsung Could Pass Apple To Become The Most Profitable Smartphone Company

Apple and Samsung combined to take 100% of the smartphone market's profits in the first quarter of this year, says Canaccord Genuity's Michael Walkley.

Next quarter, they will probably account for 100% again, but there could be a role reversal. Apple has always led Samsung, but Walkley thinks Samsung could actually beat Apple in profit value share this quarter.

For the longest time, Apple's defenders have said that while it might not have the most market share, it has the most profit share. If Walkley's prediction comes true, Samsung will have the most profit and market share.